PeopleIn Ltd: completion of acquisition of Infrawork Holdings

PeopleIn Ltd: completion of acquisition of Infrawork Holdings

PeopleIN Ltd Completes Acquisition of Infrawork Holdings
As detailed in their LinkedIn post

PeopleIN Limited (ASX: PPE), Australia’s largest workforce solutions provider, has finalized the acquisition of Infrawork Holdings, a New Zealand-based immigration and skilled labor solutions firm. The transaction, valued at NZ$56 million with potential earnout provisions, marks one of the largest recruitment sector deals in New Zealand’s history. Infrawork, established 15 years ago, specializes in supporting infrastructure projects through immigration and labor solutions, positioning it as the country's leading firm in this niche.

The acquisition follows PeopleIN’s first-half fiscal year 2026 (H1 FY26) results, which reported an 8.2% decline in revenue. While the company did not attribute the revenue drop directly to the Infrawork deal, the acquisition is expected to enhance its trans-Tasman operational scale and service offerings.

Under the terms of the agreement, Infrawork's existing team and day-to-day operations remain unchanged, with no immediate workforce disruptions. The company emphasized that the deal would accelerate growth by leveraging PeopleIN’s financial resources and expanded network. Infrawork’s management described the partnership as a “next phase of growth,” citing enhanced capabilities to serve infrastructure clients across Australia and New Zealand.

PeopleIN’s H1 FY26 results and acquisition announcement were released alongside its ASX disclosure. The firm has not provided detailed financial projections for post-acquisition performance but highlighted strategic alignment with its long-term expansion goals.

Investors are likely to monitor the integration’s impact on PeopleIN’s financial metrics, particularly given the H1 revenue contraction. The deal underscores the company’s focus on geographic and service-line diversification in the competitive staffing sector.

According to the staffing industry report (https://www.listcorp.com/asx/ppe/peoplein-limited/news/h1-fy26-results-and-acquisition-announcement-3317016.html) (https://www.linkedin.com/posts/oscardunn_over-the-past-15-years-we-have-built-infrawork-activity-7430473653496041472-5QSS)

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